Rate Watch 4-22-2010

Alert To Lock:
Mortgage Backed Securities are in the middle of a volatile day of trading so far. MBS got a slight boost this morning due to a worse-than-expected Initial Jobless Claims report and weakness in Stocks relating to more bad news about Greece's budget deficit. However, news of next week’s record treasury auction of 129 billion sent the market the other direction. Crude Oil is down in sympathy with stocks this morning @ $82.24 Per Barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.